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How much this slow down will continue

A slowdown in the real estate sector is a spell for the opportunists who are prepared. A downturn in the real estate markets are witnessed by all across the country. Often called the “Millennium City”, Gurgaon witnessed demand for new homes slowing however it did not have much impact on the rates which rose over 4.5 percent over the last three months according to figures. Prediction from realty experts are days of attractive and impressive returns are on halt. Developers are having a tough time to sell their units; they are already affected by the pressure of economic slowdown while home buyers keep staring at their poor returns. Unsold inventories of projects are piling up and are expected to put pressure downward on returns.

It is believed that returns will be even less than half of what they had enjoyed earlier. Immense pressure of how much this slow down will continue is being reeled by the property market. Developers say today, every individual is cautious before investing for big assets like house which is one reason for downslide. To beat the blues new initiatives like throwing in facility and maintenance management services are being taken over by builders to lure customers yet they are fearing a crash .This will continue for an unknown period of time which is not known to any of us. In Gurgaon, huge number of investors who are stuck with apartments they had purchased earlier no longer desire to buy new ones. A call has been taken consciously so that the launch is being made at a more suitable time as a supply-demand mismatch is being observed in this segment at present. Thus realtors will have to come up with exciting offers since this involves investing a huge amount, no units will be bought if they don’t turn up with freebies.

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